Bob Basting
Where to move 401(k) to start investing
I've got a 401(k) with a previous employer that is not doing much in the market these days. I'm considering moving this into either a self-directed IRA (Checkbook) or a 401(a) under my own LLC. Any insight into either...
Fred Shandler
Non-refundable loan application fee?
After talking to a few banks, I've potentially found one that will do a 30k, 30 year mortgage for an investment property. But, they charge $325 non-refundable loan application fee. Is this normal/standard?
Kelby Schimming
Bank Loan for a Down Payment?!
BP,I have a deal in the works and the seller is willing to finance. However, due to my inexperience, he is requesting a down payment around 300k. I will also need another 200k for closing costs. It is an off market $8...
Michael Lauther
Does it make sense to use leverage in a Self-Directed IRA
Given the UBIT assessed by IRS when if ever does it make financial sense to use leverage to increase the return on rental property?
Using this leverage will give investors using their IRA the ability to participate ...
Max Garcia Jr
Rehabbers: How important is the %70 Rule to you?
I currently do not have this home under contract. However, I'm just an email away from getting it under contract. Here's the numbers
ARV = $575K
Repairs = $100K
Selling price after my fee = $325K
...
Johann Jells
Is this more cabinetry than a rental apartment needs?
I'm renovating a rental kitchen, and want to make it nice. This is a 900 ft 3br that might rent for $1600 when I'm done. I've never put in this much cabinetry before, and wonder if I'm overdoing it. I have some ten...
Philip Klinck
Is my city/county big enough?
The city of Greenville, SC has a population of about 58k and the county has a population of 450k. I own a business that sells B2B and there is barely enough business in my area code to grow at a decent pace.
I want ...
Amanda Fulmer
My flip isn't selling
Hey everyone! I desperately need some help!! Last September my husband, my brother-in-law, and myself partnered and bought a our first flip project. We bought the property for 122,0000. After a complete rehab, two con...
Gabe Bouldien
DSCR Loan Analysis
Looking to add a 3rd SFR investment property to my portfolio. I tried to do a conventional 30yr fixed mortgage but was turned down by my normal lender due to the tax write offs over the last year with my other propert...
Gabe Callaway
Financing Multi-Family with DSCR Loans
Hello,
Long time listener, first time caller. (Love a good radio throwback)
I am curious what/how most people are financing multifamily deals? What is the "traditional" way of financing them? Are DSCR loans looked d...